NATURAL GAS SERVICES GROUP INC NGS
We were incorporated in December 1998 and initially operated as a holding company of a group of subsidiaries that were engaged in the manufacturing, operation and leasing of natural gas compression equipment, flares and related assets to the natural gas industry with a focus on unconventional natural gas production plays in the U.S. (such as coalbed methane, gas shales and tight gas). We completed our initial public offering in October 2002 and our common stock began trading on the American Stock Exchange under the symbol "NGS." In October 2008, our common stock began trading on the New York Stock Exchange.
Today, we are a premier provider of natural gas and electric compression equipment, technology and services to the energy industry. We rent, design, install, service and maintain natural gas engine and electric motor drive compressors for oil and gas production and processing facilities. We also provide aftermarket services in the form of call-out services on customer-owned equipment as well as commissioning of new units for customers. We are headquartered in Southlake, Texas, with administrative offices in Midland, Texas, an engineering facility located in Tulsa, Oklahoma and service facilities located in several major oil and gas producing basins in the U.S.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.3M | $156.7M | $121.2M | $84.8M | $8.8M | $7.2M | $21.7M | $17.7M | $21.6M | $37.6M |
| SG&A | $22.4M | $21.0M | $16.9M | $13.9M | $10.8M | $10.6M | $10.7M | $9.1M | $10.1M | $9.0M |
| Total operating expenses | $135.0M | $123.4M | $110.7M | $84.4M | $84.8M | $71.7M | $93.6M | $66.0M | $66.2M | $63.2M |
| Operating income | $37.3M | $33.3M | $10.5M | $431.0K | -$12.4M | -$3.6M | -$15.2M | -$507.0K | $1.5M | $8.4M |
| Interest expense | $13.6M | $11.9M | $4.1M | $364.0K | $65.0K | $14.0K | $15.0K | $69.0K | $14.0K | $8.0K |
| Pre-tax income | $26.5M | $21.7M | $6.6M | -$41.0K | -$11.8M | -$3.0M | -$14.6M | -$394.0K | $1.5M | $8.5M |
| Income tax | $6.6M | $4.4M | $1.9M | $528.0K | $2.6M | $4.8M | $693.0K | $72.0K | $18.3M | $2.0M |
| Net income | $19.9M | $17.2M | $4.7M | -$569.0K | -$9.2M | $1.8M | -$13.9M | -$466.0K | $19.8M | $6.5M |
| EPS, basic | 1.59 | 1.39 | 0.39 | -0.05 | -0.70 | 0.14 | -1.06 | -0.04 | 1.54 | 0.51 |
| EPS, diluted | 1.57 | 1.37 | 0.38 | -0.05 | -0.70 | 0.14 | -1.06 | -0.04 | 1.51 | 0.50 |
| Shares, diluted (wtd. avg.) | 12.7M | 12.6M | 12.4M | 12.3M | 13.1M | 13.3M | 13.1M | 13.0M | 13.1M | 12.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $0 | $2.1M | $2.7M | $3.4M | $22.9M | $28.9M | $11.6M | $52.6M | $69.2M | $64.1M |
| Receivables | $18.5M | $15.6M | $39.2M | $14.7M | $10.4M | $11.9M | $9.1M | $7.2M | $8.5M | $7.4M |
| Inventory | $20.6M | $18.1M | $21.6M | $23.4M | $19.3M | $19.9M | $21.1M | $30.2M | $26.2M | $21.4M |
| Total current assets | $57.1M | $48.2M | $76.3M | $54.1M | $65.1M | $72.7M | $42.4M | $94.9M | $108.2M | $95.4M |
| Property, plant and equipment | $20.5M | $23.0M | $20.6M | $22.2M | $20.8M | $21.7M | $21.9M | $16.6M | $7.7M | $7.8M |
| Goodwill | — | — | — | — | — | — | $0 | $10.0M | $10.0M | $10.0M |
| Other intangibles | — | $0 | $775.0K | $900.0K | $1.0M | $1.2M | $1.3M | $1.4M | $1.5M | $1.7M |
| Total assets | $586.8M | $492.5M | $478.7M | $328.2M | $298.5M | $306.8M | $286.6M | $304.2M | $298.3M | $293.5M |
| Accounts payable | $14.0M | $9.7M | $17.6M | $6.5M | $4.8M | $2.4M | $2.0M | $2.1M | $4.2M | $971.0K |
| Total current liabilities | $24.5M | $17.4M | $32.7M | $30.4M | $20.3M | $10.9M | $5.5M | $10.9M | $7.5M | $6.5M |
| Total liabilities | $312.1M | $237.5M | $242.8M | $98.2M | $62.6M | $55.3M | $38.9M | $45.0M | $41.0M | $60.6M |
| Retained earnings | $168.8M | $151.5M | $134.3M | $129.5M | $130.1M | $139.3M | $137.5M | $151.3M | $151.8M | $132.0M |
| Total equity | $274.7M | $255.1M | $235.9M | $230.1M | $235.9M | $251.5M | $247.7M | $259.2M | $257.3M | $233.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62.9M | $66.5M | $18.0M | $27.8M | $28.5M | $32.6M | $29.4M | $23.7M | $17.5M | $31.8M |
| Depreciation and amortisation | $36.7M | $31.3M | $26.6M | $24.1M | $25.4M | $25.2M | $23.3M | $22.1M | $21.3M | $21.8M |
| Stock-based compensation | $2.1M | $1.8M | $2.1M | $1.9M | $1.7M | $2.2M | $2.6M | $2.4M | $4.0M | $2.3M |
| Capital expenditure | $121.5M | $71.9M | $153.9M | $65.1M | $25.7M | $15.3M | $69.9M | $40.1M | $13.5M | $3.3M |
| Investing cash flow | -$121.3M | -$71.4M | -$153.9M | -$65.1M | -$25.7M | -$15.2M | -$70.2M | -$40.3M | -$12.8M | -$3.4M |
| Financing cash flow | $56.2M | $4.4M | $135.2M | $17.7M | -$8.8M | -$157.0K | -$273.0K | $16.0K | $453.0K | $191.0K |
| Dividends paid | $2.6M | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | — | $0 | $0 | $6.7M | $7.9M | $0 | $490.0K | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001084991-26-000015.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.6M | $21.6M | $17.7M | $21.7M | $7.2M | $8.8M | $84.8M | $121.2M | $156.7M | $172.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $6.5M | $19.8M | -$466.0K | -$13.9M | $1.8M | -$9.2M | -$569.0K | $4.7M | $17.2M | $19.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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